Claro Acquires Digicel Operations in Honduras and El Salvador

América Móvil announced the acquisition of 100% of Digicel's operations in El Salvador and Honduras.

Monday, March 14, 2011

America Movil announced that it has agreed to acquire 100% of Digicel Group Limited and its affiliates in Honduras and El Salvador.

As part of the agreement, America Movil will sell its operations in Jamaica to Digicel.

The closing of the deal is subject to obtaining appropriate regulatory and governmental approvals in Honduras, El Salvador and Jamaica. The parties expect for approvals to be ready during the second quarter of 2011.



More on this topic

El Salvador: Claro Cancels Purchase of Digicel

October 2012

After the competition regulator imposed the release of part of the spectrum leased by Claro as a condition to the merger between the two companies, America Movil has announced its withdrawal from the move.

In March last year, America Movil announced an agreement to acquire a 100% stake of Digicel El Salvador, for an undisclosed amount.

Claro Invests $150 Million in Honduras

December 2011

America Movil, Claro's parent company, is investing in the development and delivery of broadband services.

Users of the Claro network, and now Digicel, will have access to greater geographical coverage, better quality and innovation in services, and higher speeds.

So said the director of Claro Honduras, Luis del Cid, who announced the acquisition, which was negotiated between the parties in the first quarter of 2011.

America Movil Confirms Purchase of Digicel in Honduras

December 2011

The Mexican telephony giant announced it has completed the acquisition of phone company Digicel in Honduras.

A press release from American Mobile reads:

America Movil, announced today (November 30, 2011) that as part of the agreement with Digicel Group Limited and its affiliates ("Digicel") during the first quarter of 2011, has acquired on this date 100% of Digicel’s operations in Honduras and sold to Digicel its operations in Jamaica.

America Movil Appeal Dismissed

October 2011

The Mexican company will not be able to merge with Digicel unless it agrees to a condition to renouncen the use of 20 MHz of airwaves.

Regarding the ruling by Superintendencia de Competencia (SC), Daniel Choto writes in Elsalvador.com, "The reason for this precondition to allowing the merger of the operations of both companies is to maintain the current level of competition in the field of mobile phone companies in order to protect consumers' pockets, said the head of the SC, Francisco Diaz Rodriguez. "

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